December 2022

21 December 2022 – Despite the global economic environment deteriorating considerably this year and a number of macroeconomic trends already pointing to the global economy being in technical recession, the metals and engineering sector continues to show remarkable resilience and tenacity, according to Steel and Engineering Industries Federation of Southern Africa (Seifsa) CEO Lucio Trentini. […]

20 December 2022 – Ken research shows that due to modernization, urban lifestyle and change in consumption patterns, the food industry will grow by 7.9% during 2021-2026F, driving the demand for cold chain market in South Africa. Change in Lifestyle and Urbanization led to Rising Domestic Consumption of Processed food and Change in consumption pattern post

19 December 2022 – As the year winds down on a sour note, South Africa’s economy could be faced with a tougher 2023 as the outlook remains subdued after going through a turbulent 12 months. The year 2022 was characterised by a number of global and domestic headwinds, such as imported inflation, record levels of

15 December 2022 – In the third quarter of this year, the value of South Africa’s exports of agriculture, that is food, fibre and beverages amounted to $3.7 billion (R65bn), up 10% year on year (y/y), Agricultural Business Chamber chief economist, Wandile Sihlobo, said. South Africa’s agricultural trade data painted an encouraging picture, despite the

14 December 2022 – Southern African citrus growers grew exports to 164.8 million (15kg) cartons in 2022, according to data released by the Citrus Growers Association of Southern Africa (CGA) on Monday. CGA CEO Justin Chadwick said that while the volume had increased by 3.2m cartons compared to 2021, it was less than the 5.7m predicted at

12 December 2022 – South Africa could lose part of its preferential access to the US if its trade policies disadvantage American exporters relative to their developed-nation counterparts, according to people familiar with the matter. Thousands of South African products enter the world’s biggest market duty free under the African Growth and Opportunity Act, or

9 December 2022 – The Agbiz/IDC Agribusiness Confidence Index (ACI) fell by 4 points in the fourth quarter of this year to 49 points after remaining in optimistic territory for nearly three years. Agricultural Business Chamber (Agbiz) chief economist Wandile Sihlobo, who co-authored the study, said yesterday that the dip below the neutral 50-point since

8 December 2022 – Statistics South Africa today announced the growth of the country’s gross domestic product (GDP) for the third quarter. Stats SA said that the economy grew by 1.6% in the third quarter of 2022. The agency said the growth was driven by eight industries, that recorded a rise in economic activity in

7 December 2022 – The heavy rains at the start of South Africa’s summer season have different implications for the agricultural sector. An economist noted that positively, the rains have improved dam levels, which will be helpful for irrigation. Wandile Sihlobo, economist at the Agricultural Business Chamber, noted however, the livestock industry is at increased